Bud Fennema

Arthur Andersen Professor
Bud Fennema
526 RBA
Academic Specialty
Behavioral Accounting

Ph.D., University of Illinois
M.S., University of Illinois
MBA, University of North Carolina at Chapel Hill
B.S., Indiana University

Areas of Expertise

Behavioral decision theory applications in accounting               

Bud Fennema is the Arthur Andersen Professor in the Department of Accounting at Florida State University. He teaches MBA accounting and managerial accounting in the accounting masters program, and he publishes research in the area of judgment and decision-making. He has served as president of the Accounting Program Leadership Group and for ten years on the Florida Board of Accountancy.

Prior to pursuing an academic career, Fennema worked in private companies and in public accounting with Arthur Andersen & Co. He holds CPA and CMA certifications.

Fennema received his bachelor's degree in finance from Indiana University and an MBA from the University of North Carolina at Chapel Hill. He also earned a master's degree in accounting and a doctoral degree in accounting, both from the University of Illinois.

Selected Published Research

Peters, E, Fennema, M.G., & K. Tiede (2018).  The loss-bet paradox: Actuaries, accountants, and other numerate people rate numerically inferior gambles as superior.  Journal of Behavioral Decision Making, in press.

Blay, A. & M.G. Fennema (2017).  Are accountants made or born?  An analysis of self-selection into the accounting major and performance in accounting courses and on the CPA exam.  Issues in Accounting Education, 32, 33-50.

  • Voted by American Accounting Association as best paper of 2017.

Dickins, D., Daugherty, B., & Fennema, M.G. (2013). The effects of offshoring audit procedures on jurors’ evaluations of auditor liability and plaintiff’s awards. Advances in Accounting Behavioral Research, 16, 55-84.

Daugherty, B., Dickins, D. & Fennema, M.G. (2012). Offshoring tax and audit procedures: Implications for U.S.-based employee education.Issues in Accounting Education, 27, 733-742.

Fennema, M.G., & Koonce, L. (2010). Mental accounting in financial reporting and voluntary disclosure.Journal of Accounting Literature, 29, 1-29.

Fennema, M.G., & Perkins, J.D. (2008). Mental Budgeting Versus Marginal Decision Making: Training, Experience, and Justification Effects on Decision Involving Sunk Costs.Journal of Behavioral Decision Making, 21, 225-239.

Fennema, M.G., Rich, J. & Krumwiede, K. (2005).Asymmetric effects of activity based costing system cost reallocation.Advances in Behavioral Accounting Research, 8, 167-187.

Reimers J. & Fennema, M.G. (1999). The audit review process and sensitivity to information source objectivity.Auditing: A Journal of Practice & Theory, 18, 117-123.

Dusenbury, R. & Fennema, M.G. (1996). Linguistic-numeric presentation mode effects on risky options preferences. Organizational Behavior and Human Decision Processes, 68, 109-122.

Heath, C. & Fennema, M.G. (1996). Amortization in mental accounting.Organizational Behavior and Human Decision Processes, 68, 95-108.

Kleinmuntz, D.N., Fennema. M.G., & Peecher, M.E. (1996) Conditioned assessment of subjective probabilities: Identifying the benefits of decomposition.Organizational Behavior and Human Decision Processes, 66, 1-15.

Fennema, M.G., & Kleinmuntz, D.N. (1995). Anticipations of effort and accuracy in multiattribute choice.Organizational Behavior and Human Decision Processes, 63, 21-32.